Test Bank Accounting Information System, 1st Edition by Arline Savage.pdf

Created n By:n An Solution


TEST BANK FOR ACCOUNTING INFORMATION SYSTEM 1S
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T EDITION BY ARLINE SAVAGE A+
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Chaptern 01:n Accountingn asn Information
1) Accountingn communicatesn ton stakeholders
A) minimallynrequired n publicn financialn data.
B) then financialn outcomesn of n operating,n investing,n and n financingn activities.
C) then salesn strategyn forn then operating,n marketing,n and n salesn activities.
D) blackn and n whiten detailsn about nthen economicsn of n operatingn activities.n Answer:n Bn
Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn Accountingn Informationn Important?n AACSB:n Communicationn Bloom's
:n Comprehensionn AICPA:n AC:n Reporting


2) Accountingn communicatesn then financialn outcomesn of n an business'sn activitiesn for
A) operating.
B) investing.
C) financing.
D) Alln of n thesenanswern choicesn arencorrect.n Answer:n Dn
Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Communicationn Bloom's
:n Comprehensionn AICPA:n AC:n Reporting


3) Inn what n wayn don management n teamsn usen accountingn data?
A) Management n teamsn usen accountingn datan ton maken businessn decisions.
B) Management n teamsn usen accountingn datan ton maken and n executen plans.
C) Management n teamsn usen economicn and n accountingn datan togethern ton maken decisions.
D) Alln of n thesen answern choicesn aren correct.n Answer:n D


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Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Comprehension
AICPA:n AC:n Riskn Assessment,n Analysis,n and n Management


4) Whichn statement n isn TRUE?
A) Accountingn consistsn of n rigid n blackn and n whiten rules.
B) Accountantsn crunchn numbers,n not n maken decisions.
C) Accountingn helpsn support n an prosperousn society.
D) Accountantsn focusn onndebitsnandncredits,nnot n businessn activities.n Answer:n Cn
Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Comprehensionn AICPA:n N/A


5) Whichn of n then followingn isn NOTn an component n of n ann informationn system?
A) Hardware
B) Software
C) Input
D) Networkn Answer:n Cn Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Knowledge
AICPA:n AC:n Systemsn and n Processn Management


6) Input n ton ann informationn systemn consistsn of
A) raw n and n unorganized n data.


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B) hardwaren and n software.
C) reported n information.
D) processed n data.
Answer:n A
Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Knowledge
AICPA:n AC:n Systemsn and n Processn Management
7) Whichn of n then followingn isn an definitionn of n output n fromn ann informationn system?
A) Output n isn raw n and n unorganized n data.
B) Output n isn informationn produced n byn processingn data.
C) Output n isn databasen factsn and n figures.
D) Output n isn informationn collected n fromn users.n Answer:n B


Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Comprehension
AICPA:n AC:n Systemsn and n Processn Management


8) Whichn statement n concerningn datan isn TRUE?
A) Datan isn uselessn ton an businessn untiln transformed n inton information.
B) Datan isn then output n fromn ann informationn system.
C) Datan isn organized n inton understandablen formats.
D) Datan isn processed n beforenbeingn input nintonthen informationn system.n Answer:n An
Diff:n 1
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.

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Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Comprehension
AICPA:n AC:n Systemsn and n Processn Management


9) Whichn of n then followingn activitiesn would nNOTn result n innan transactionn inn annaccountingn i
nformationn system?
A) Selln goodsn ton an customern onn account
B) Purchasen suppliesn onn credit
C) Prepayn forn sixn monthsn of n insurance
D) ReceivenancustomernordernAnswer:nDn
Diff:n 2
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Application
AICPA:n AC:n Systemsn and n Processn Management


10) Whichn of n then followingn activitiesn resultsn innan transactionn annaccountingninformationns
ystem?
A) Selln goodsn ton an customer
B) Submit n ann ordern ton an vendor
C) Createn estimatesn forn an customer
D) ReceivenancustomernordernAnswer:nAn
Diff:n 2
Learningn Objective:n 1.1n Explainn hown accountingn affectsn bothnthendemandn forn and n supplynof n inform
ation.
Sectionn Reference:n Whynisn AccountingnInformationn Important?nAACSB:n Analyticn Bloom's:
n Application
AICPA:n AC:n Systemsn and n Processn Management


11) A n businessn modeln is


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